Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 96,000 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $47.09, for a total transaction of $4,520,640.00. Following the transaction, the chief executive officer now directly owns 483,886 shares of the company’s stock, valued at approximately $22,786,191.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sanjit Biswas also recently made the following trade(s):

• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The shares were sold at an average price of $47.80, for a total value of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.83, for a total value of $4,495,680.00.
• On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The stock was sold at an average price of $49.44, for a total value of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.69, for a total transaction of $4,482,240.00.
• On Tuesday, September 10th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.88, for a total transaction of $4,500,480.00.
• On Tuesday, September 3rd, Sanjit Biswas sold 93,107 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total transaction of $3,716,831.44.
• On Tuesday, August 27th, Sanjit Biswas sold 84,030 shares of Samsara stock. The stock was sold at an average price of $41.94, for a total transaction of $3,524,218.20.
• On Tuesday, August 20th, Sanjit Biswas sold 78,295 shares of Samsara stock. The shares were sold at an average price of $40.50, for a total transaction of $3,170,947.50.
• On Tuesday, August 6th, Sanjit Biswas sold 81,515 shares of Samsara stock. The shares were sold at an average price of $37.04, for a total value of $3,019,315.60.

Samsara Price Performance

Shares of IOT stock opened at $48.27 on Friday. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $51.53. The firm has a market cap of $26.59 billion, a PE ratio of -96.54 and a beta of 1.52. The company has a 50-day moving average of $45.58 and a two-hundred day moving average of $38.89.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.53 million. During the same quarter last year, the firm earned ($0.11) EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. Sell-side analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Resources Management Corp CT ADV increased its stake in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares during the period. National Bank of Canada FI purchased a new stake in shares of Samsara during the second quarter worth approximately $38,000. Nemes Rush Group LLC acquired a new stake in Samsara in the second quarter valued at approximately $45,000. UMB Bank n.a. lifted its stake in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after acquiring an additional 418 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on IOT shares. Loop Capital boosted their price target on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Piper Sandler increased their target price on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. BNP Paribas started coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. Evercore ISI raised their target price on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their price target on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Samsara has a consensus rating of “Hold” and a consensus target price of $43.31.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.